Sucampo Pharma Technical Analysis (NASDAQ:SCMP)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Sucampo Pharma stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SCMP stock chart which creates a trading signal.
See Sucampo Pharma bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Sucampo Pharma stock analysis that does not care for the fair value of a company but uses price and volume data only.
Sucampo Pharma Moving Average
Moving averages show the average price of SCMP stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $17.96 is below the price of $18.
Sucampo Pharma Bollinger Bands
Bollinger bands consist of two price bands above and below a center line for any company stock like Sucampo Pharma. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Currently the stock price of $18 is in the upper range of Sucampo Pharma bollinger bands.
Sucampo Pharma Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Sucampo Pharma MACD indicator is above 0 indicating a bullish trend.
Sucampo Pharma Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 75 is the RSI value of SCMP stock.